Nifty

a good "Harami" friend

Confused with the headline? How can a Harami be a good friend? Actually, Harami here is a Japanese word which means a “Pregnant Woman”and its a candlestick pattern which indicated a reversal from bottom. As circled in the chart of Nifty, it is a “Bullish Harami pattern” which now supports my view of a short …

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Nifty

Relief Rally gets a kick-off: Nifty: 7948

Expiry was better of in volatility than all expected after the first three sessions of this week. Nifty, after mondays fall, continued its sell off on Tuesday and Wednesday as Brokers raised Hair cut on margin stocks to 70% which forced traders to square off its leverage Derivative positions. But on Thursday we say sustained …

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Nifty

Nifty 7880 (+71): A relief rally

Am sure today many of them would have lost atleast some or part of the wealth though market ended in +ve territory. Since i entered the financial markets had never witnessed such a wide range of volatility on Nifty. But technically, Nifty took support exactly at the 100 Weekly average (dotted line in graph) at …

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Nifty

Opening: Nifty: 7895 (+86)Still in ICU

We saw some biggest fall in terms of points yesterday due to global trends. It is Known as Black Monday for the traders. Today we are witnessing some pull back which would resist around 8300 and i expect short covering by expiry. Though overall medium term outlook is still bearish and we could see 7470-7500 …

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Nifty Bank

Downsizing channel on BankNifty

BankNifty had been the outperformer in the last rally since 2011 but now it seems it would be an equal partner for underperformer in the coming future. Overall sentiments in the markets have turned bearish after the sell of on Friday. Even the global markets had seen sell off on late Friday giving a sign …

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Nifty

Closing: Long Wait failed: Nifty 8299 (-72)

Morning wasnt good enough as we saw a gap down opening due to global factors. All the frontline stocks had opened almost -2% down but the few good one recovered. Leading the recovery was the most promising defensive sectors Pharma and IT. Those sectors always protect long traders in such situations. Infosys and TechM managed …

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Nifty

Opening: Screaming Traders: Nifty 8305 (-67)

Greece prime minister resigning and weak PMI Chinese numbers have given our asian peers a red mark on D-Street. Nifty too is opening with the mark which would leave our traders with a Scream and shock. Overall Indian markets are not concerned with that global news but rather domestic concerns like GSTBIll/LandBill/Weaknening rupee/Monsoon deficit. So …

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Nifty

Closing: Burning Money: Nifty:8372 (-122)

Am sure many of them have burned their pockets and profit today but i had been recommending to hedge positions since a bit long. Nifty has been near crucial level of 8350 below which 7600 gates opened. Banks and specially Mid-cap PSU banks were the most beaten. Overall markets seems to be gettting weak from …

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Interest Rate My View

IS INTEREST RATE POSSIBLE GOING FORWARD

The Reserve Bank of India (RBI) in its monetary policy meet on 02ndJune, 2015 has cut the repo rate by 25 basis points to 7.25% from 7.50%. Consequently, the reverse repo rate under the LAF stands adjusted to 6.25% and the marginal standing facility (MSF) rate was cut by 25 basis points to 8.25% as …

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